gaveldecision.jpgA Fremont woman who is accused of giving inside information on two Silicon Valley companies to hedge funds was ordered at a San Francisco hearing today to be transferred to New York City to face charges there.

Winifred Jiau, 43, is accused in federal court in New York of one count of conspiracy to commit securities fraud and one count of securities fraud.

A federal criminal complaint alleges that she received $200,000 for providing inside information to three hedge funds on Nvidia Corp. and Marvell Technology Group Ltd., both of which are based in Santa Clara.

U.S. Magistrate Bernard Zimmerman, at a hearing in San Francisco, ordered Jiau transferred to New York, defense attorney Mark Goldrosen said.

Goldrosen said Zimmerman issued the order after Jiau agreed that she would not contest the fact that she is the person sought in the criminal complaint.

Jiau has been held without bail since being arrested at her home in Fremont on Dec. 28.
If convicted of the two counts, she faces a maximum sentence of 25 years in prison and $5.25 million in fines.

Julia Cheever, Bay City News

Want more news, sent to your inbox every day? Then how about subscribing to our email newsletter? Here’s why we think you should. Come on, give it a try.

Please make sure your comment adheres to our comment policy. If it doesn't, it may be deleted. Repeat violations may cause us to revoke your commenting privileges. No one wants that!